Saudi Aramco reports 5% drop in Q1 profit amid lower oil prices
Saudi Aramco, the world’s largest oil producer, reported a 5% year-on-year decline in first-quarter net profit, citing lower crude oil prices and reduced production. The state-owned energy giant posted a net income of $26 billion for the three months ending March 31, down from $27.3 billion in the same period last year, according to a […]